Analysts Offer Insights on Technology Companies: Dolphin Entertainment Inc (NASDAQ: DLPN) and BIO-key International Inc (NASDAQ: BKYI)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Dolphin Entertainment Inc (DLPNResearch Report) and BIO-key International Inc (BKYIResearch Report) with bullish sentiments.

Dolphin Entertainment Inc (DLPN)

Maxim Group analyst Allen Klee maintained a Buy rating on Dolphin Entertainment Inc yesterday and set a price target of $4.50. The company’s shares closed yesterday at $1.36.

Klee commented:

“1Q19 revenue of $6.3M topped our estimate of $5.7 while an adjusted EBITDA loss of ($0.3M) was slightly wider than our ($0.2M) estimate.”

According to TipRanks.com, Klee is ranked 0 out of 5 stars with an average return of -15.3% and a 26.9% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, ATN International Inc, and Net 1 Ueps.

Currently, the analyst consensus on Dolphin Entertainment Inc is a Moderate Buy with an average price target of $3.50.

See today’s analyst top recommended stocks >>

BIO-key International Inc (BKYI)

Maxim Group analyst Nehal Chokshi reiterated a Buy rating on BIO-key International Inc yesterday and set a price target of $3. The company’s shares closed yesterday at $1.08, close to its 52-week low of $0.75.

Chokshi wrote:

“Delayed payments from Chinese selling partner creates a Mar Q miss on a GAAP basis, but positive cash from operations, and non-GAAP GM metrics look good. 19% y/y increase in maintenance recurring revenue and rapidly increasing pipeline indicative that transition to ARR is taking place. Reiterate Buy rating and 12-month price target of $3.”

According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 8.1% and a 55.6% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Turtle Beach Corp.

BIO-key International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.